Read the requirements listed below and be sure you understand them. If you have questions, contact Homeownership staff at [email protected] or 360-956-3456.
South Puget Sound Habitat offers eligible and qualified buyers the opportunity to own a Habitat home. This is real homeownership. Habitat homeowners own their homes, pay a monthly mortgage, pay property taxes and homeowner’s insurance, repair and maintain their homes, and most importantly, earn equity and build wealth.
Criteria 1: Demonstrate a need for adequate and affordable housing
Applicants must not have owned a home for the past three years.
ONE of the following must be TRUE:
- The applicant is “cost-burdened” (defined as spending more than 30% of their gross income on housing).
- The applicant is living in substandard, overcrowded, run-down, defective, or unsafe housing.
- The applicant is living in subsidized housing or a temporary housing situation (ex: living with family members).
- The applicant is ready to purchase a home but there is no available housing in Thurston County to purchase in their price range.
Criteria 2: Demonstrate ability to pay
- Monthly debt payments (including loan and/or credit card payments) must be no more than 43% of an applicant’s monthly gross (pre-tax) income.
- Applicant cannot have a current open bankruptcy filing or any in the last two years.
- Applicant must have dependable income that can be verified for the last three years.
- Applicant must be approved by one of our mortgage partners for a home loan.
Criteria 3: Income eligibility
To be eligible for a Habitat home, your total household income must be below 80% of the area median income (table below). Household income guidelines are set by the United States Department of Housing and Urban Development (HUD) and updated each year.
Your household must have at least three years of stable income. Unemployment income cannot be counted. We are able to count non work-related income, such as disability and Social Security payments as stable income if you can guarantee you will receive that income for the next three years.
- Applicant must live or work in Thurston County.
- Applicant must be a citizen or have an ITIN number at the time of application.
- Applicant must use the home as their primary residence.
Willingness To partner
Applicants must be willing to complete 500 hours of “sweat equity.” Sweat equity is Habitat’s term for the labor that Habitat homeowners put into building their homes and the homes of their Habitat neighbors.
Households can complete their hours on our construction sites, in our Habitat Stores, through homeowner education classes, or by volunteering in our office. We are able to accommodate individuals with disabilities.
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